FinancialContent is the trusted provider of stock market information to the media industry.
September 09, 2013 at 09:48 AM EDT
Morgan Stanley Upgrades EOG Resources to “Overweight” (EOG)

On Monday, Morgan Stanley analysts upgraded EOG Resources Inc (EOG), giving the natural gas and oil exploration company a bullish rating as it trades at a discount to its peers.

The analysts also noted that the company is growing inventory and free cash flow. As such, they upgraded EOG to “Overweight” and see shares reaching $200. This price target suggests a 24% upside to the stock’s Friday closing price of $161.72.

EOG Resources shares were up $1.69, or 1.05%, during early morning trading on Monday. The stock is up 34.78% year-to-date.

The Bottom Line
Shares of EOG Resources (EOG) offer a dividend yield of 0.46% based on Friday’s closing price of $161.72 and the company’s annualized dividend payout of 75 cents per share.

EOG Resources Inc (EOG) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here
Financial Widgets

Display market data, financial news or stock quotes - Learn More

Advertising Network

Advertise on FinancialContent's huge network - Learn More

Web Services

Power your internet and wireless applications - Learn More